Statistical inference and subjective probabilities

J. Koerts and E. de Leede

Statistica Neerlandica, 1973, vol. 27, issue 4, 139-161

Abstract: Summary “Learning by experience” is a well‐known part of the theory of subjective probabilities; the learning process is often derived from some prior distribution F(p) where p is a parameter of unknown value of a binomial process for instance. In this paper, the learning process is explicitly formulated and the corresponding prior distribution is derived from it. In this interpretation, subjective probabilities are part of an inference methodology, rather than a subjective evaluation of frequentistic probabilities. Implications are considered for a concept like the “non‐informative prior; the situation is considered in which the learning process seems to be in contact with some objectively determined prior.

Date: 1973
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https://doi.org/10.1111/j.1467-9574.1973.tb00222.x

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